10 episodi

Mind over Markets is a weekly show co-hosted by traders George Papazov and Mark Borszcz from TRADEPRO Academy. With a combined 25+ years of experience trading the markets, George and Mark break down and dissect common psychological obstacles that all traders face in their journeys and provide actionable advice and tips to overcome these challenges in order to level up your trading performance. Whether you struggle with FOMO, recency bias or even controlling your ego while trading, the goal of this podcast is to become your go-to resource for building a bulletproof trading mindset! Learn how to take control of your trading psychology and start trading in the zone because you deserve it!

Mind Over Markets George Papazov

    • Investimenti

Mind over Markets is a weekly show co-hosted by traders George Papazov and Mark Borszcz from TRADEPRO Academy. With a combined 25+ years of experience trading the markets, George and Mark break down and dissect common psychological obstacles that all traders face in their journeys and provide actionable advice and tips to overcome these challenges in order to level up your trading performance. Whether you struggle with FOMO, recency bias or even controlling your ego while trading, the goal of this podcast is to become your go-to resource for building a bulletproof trading mindset! Learn how to take control of your trading psychology and start trading in the zone because you deserve it!

    14. Profit and Loss Trading Psychology

    14. Profit and Loss Trading Psychology

    P&L. This term gets thrown around a lot in stock trading, but what does it really mean? Profit And Loss is the obvious answer, but the P&L means a lot more to many different traders. In this episode, we’re going deep into why focusing on the P&L can be detrimental to your trading strategy.
    For stock traders, especially new traders, focusing on the P&L will only lead to emotional trading. Emotional trades will force you off of your intended plan and will almost always end up in losses. We know this from personal experience. George used to be one of those traders, staying glued on the P&L, completely ignoring the rest of his charts.
    This is so common among traders. Since we’re in a competitive situation, we instinctively want to keep score. How else will we know if we’re winning or not? But that’s the problem – you can’t keep score if you want to win. 
    “Looking at the score is a distraction.” Click To Tweet
    Keeping score is for the fans. The players – the traders – they need to create the score by focusing on what needs to be done to make the best trade. A good trader focuses on the steps they need to take to follow their plan in order to make the best trade possible. When you think about winning, or worse – breaking even, then you’re missing out on what the markets are really about. 
    In this episode, we take a look at why the P&L is important to sock trading and why it’s even more important that you don’t pay attention to it. We take a closer look at some of the most common trade scenarios we’ve seen fall down the spiral of a P&L mindset and offer up a few strategies you can use to pull yourself out of that hole. 
    There are 6 techniques we talk about in this episode that you can build into your trade plan right now, and we tell you exactly how many you need to master in order to get the most out of your trade strategy. Remember – trading isn’t a solo activity. We want to hear about how these techniques are working for you. Visit us at Trade Pro Academy to talk strategy, join the community, and catch up on all of our latest episode of Mind Over Markets. 
    In This Episode You Will Learn

    The real definition of P&L 2:08 
    Why traders need to stop saying “I just want to break even” 15:20
    One trade cannot make or break a trader’s P&L 31:32
    6 techniques to prevent the destructive P&L mindset altogether 45:40
    How to focus on your next best trade instead of worrying about the last loss 55:00
    A little bit about Canadian hockey, courtesy of Mark 58:57

    Some Questions We Discuss

    What is up with our psychological fixation on the P&L? 5:40
    When does the P&L mindset start creeping into your trade strategy? 24:15
    Which toward-motivated techniques can traders use to stop that mindset? 26:25
    How can you keep your mindset positive even after a string of losses? 38:21
    Can you remove the P&L column from your trade station? 50:00
    How many of our solution set-ups should you master first? 61:08

    Resources

    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Sharpen your mental toughness with this episode: #8 Mental Toughness
    Leave us a review on iTunes: Mind Over Markets on Apple

    • 1h 4 min
    13. Cultivating Patience

    13. Cultivating Patience

    Patience is something you have to get used to as a trader. You’re never going to get to a point in your career where you just don’t need to be patient anymore. That’s why we dedicated this episode of Mind over Markets to helping traders cultivate PAYtience. Yes, we’re spelling it that way because having patience in trading means earning capital, and cultivating patience means you’re setting yourself up for long-term success.
    Developing a strategic plan is the only way you’re ever going to cultivate patience. Get over that instant gratification that defines our generation RIGHT NOW. We’re sharing tips and tricks for how you can stop looking for that instant win or fast-lane to success and start training yourself to look for the market signs and signals that will point you to the good trades.
    “Instant gratification makes it hard to achieve the things that are worth having.”Click To Tweet
    It’s going to take a bit of practice. Successful trading is the opposite of what you see on social media. In fact, it’s really boring. Cultivating patience will help you make it through the boredom. When you learn to be patient during the learning curve, you’ll be more likely to keep your cool on the trade floor, during risk management, and throughout the long-term as you work your way through your career milestones. Because becoming a successful trader is going to take much longer than you think, and cultivating patience now will make you that much more successful further on down the road. 
    “Every aspect of your life right now could benefit from patience.”Click To Tweet
    Cultivating patience as a trader is actually a very strategic move. Being patient means you’re always waiting for something. When you’re patient, you’re prime and ready for when the right trade hits. Having patience will help you manage your emotions, help you stay focused, and ultimately help you make better trade decisions. We go into how cultivating patience leads to better decision making, and George even shares his top tip for cultivating patience and living in the moment.
    In this episode of Mind Over Markets, we’re also looking at Inc.com’s Top 7 Facts about Patience:

    Being patient means you’re less likely to make reckless risky decisions
    Your co-workers, your friends, your family all want you to be more patient 
    Having more patience means you procrastinate less
    Patience will calm your mind and help you cope with stress
    Having patience will inspire more gratitude in your daily life
    Patience can improve your health by reducing headaches and ulcers
    Reframing the way you think about emotional situations can help you cultivate more patience

    We dive deep into these facts and share our personal experiences with how and when patience has helped us. When we use patience, each and every one of our trading outcomes improves, which says a lot about our mental capital while we’re cultivating patience. Unfortunately, you aren’t going to patient all of the time. We explore the most common reasons why traders lose patience and the steps you can take to cultivate and manage your patience on the trade floor. 
    If you’re curious about the ways you can start cultivating patience as a trader, take a sneak peek of some of the steps we talk about on this episode:

    Know the value of patience in your personal trading strategy
    Set a maximum daily trade limit and a daily mental limit
    Build safeguards to stop you from losing your patience

    These are just a few of the tactics you can use to keep your patience in check while you wait to make the right trades at the right time. We go into these strategies and many more to help traders at all points in their career cultivate the patience they need to be truly successful instead of just chasing the markets.
    In This Episode You Will Learn

    The reason why we have no patience these days 2:10
    Why successful

    • 1h 19 min
    12. Fear of Loss in Trading

    12. Fear of Loss in Trading

    Fear is one of our most natural subconscious responses, but it’s also one of the most important elements of trading. In this episode of Mind Over Markets, we’re sharing our own experiences with the fear of loss and how our own personal risk management strategies help us – and will help you – overcome the fear of loss in trading. 
    The important thing to remember about fear is that it will never go away. There will always be a little element of fear in everything you do, especially when the risks are high. That’s because fear is an innate defense mechanism. Fear exists to keep us alive, and fear helps us recognize and react to perceived threats.
    For early humans, these threats were more likely large predators, but for those of us in the modern age, these threats can come in many forms. In trading, the threat could be to our income, our livelihood, even our emotional well-being. George believes in two different types of fear: fears that we need to listen to, those ones that truly threaten our wellbeing, and fears that are just a precaution or warning system. Understanding the way your brain responds to these two types of fears is your first step to overcoming the fear of loss when you’re trading. 
    Fear of loss is a real thing. In fact, loss in trading is an unavoidable reality no matter how good of a trader you are. You can’t win everything all of the time, and learning how to accept these losses will make you less fearful on the trading floor. We both know that working for a variable income like this is scary, and we’ve devised our own strategies for managing trade fears that will work for you, too. 
    “Assume the risk and just accept it.” Click To Tweet
    If you’ve never had a risk management strategy in place, then right now is the time to start. This episode will help you understand the psychology behind your fear, including the brain functions behind it all, and give you tips for managing your own fear of loss so you can take on trading with confidence. It might be scary to step out of your comfort zone and risk your own money out here with the rest of us, but it’s also an opportunity to take control of your own success. Don’t be afraid of it.
    In This Episode You Will Learn:

    Why fear is more powerful than greed 0:50
    Fear is an unconscious, automatic reaction 8:00
    The five areas of the brain that control your fear 9:23
    How your value system can influence your fears 16:57
    Mark’s top tips for managing fears while trading 25:29
    How to design a risk-management strategy 29:20
    How AI and automation is changing the way we all work 36:18

    Some Questions We Discuss:

    What is the purpose of fear? 4:27
    Are all fears the same? 6:53
    What is the high road fear? 12:13
    What about the low road of fear? 13:23
    What kinds of people make the best traders? 32:56
    What are the trading mind-hacks for managing fear of loss? 42:05

    Resources

    Connect with us online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast

    • 47 min
    11. Emotional Awareness

    11. Emotional Awareness

    On this episode of Mind Over Markets, we are taking a closer look at our emotions and – most importantly – our emotional awareness. Emotional awareness is more than just being aware of what moods you’re experiencing. It’s about being able to manage and maintain these natural feelings. All of our emotions lead to thoughts, and you have to be able to manage your emotions before they start to negatively influence your decision-making on the trading floor.
    Think back to our earlier episodes. Remember when we said all emotions are based in the subconscious mind? That’s because our lizard brains are designed to react to perceived threats with a fight-or-flight response. Emotions trigger this kind of response, but fight-or-flight is really dangerous if you’re a trader. What we’re talking about on this episode are ways you can learn to identify and interrupt this natural pattern before it takes over and starts controlling you and the way you trade. 
    “Emotional awareness is really what makes a successful trader.”Click To Tweet
    We’re both sharing our different strategies for maintaining emotional awareness, but first you have to understand what emotions we’re talking about. Take a look at the 8 basic human emotions, and ask yourself which ones often get the better of you:

    Anger
    Sadness
    Fear
    Joy
    Interest 
    Surprise
    Disgust
    Shame

    No matter who you are, you’ve experienced at least one of these emotions this week – if not already today. You can’t really detach the integration of these emotions with your thoughts, but you can control your reaction to these emotions, and that’s what we’re diving into today.
    Whatever emotion you bring into the trading space, that’s the emotion you’re going to operate in. If you’re an optimistic person, you’re going to have a more optimistic trade experience. But if you’re an angry person, you’re going to be an angry trader, and you might not be too happy with those results. So tune in right now if you’re ready to learn more about your emotions, where they come from, and how to manage them. Because maintaining emotional awareness as a trader is the first step in developing that peak performance state of mind we all need to be the best day traders we know we can be.
    In This Episode You Will Learn

    Why and how emotional awareness influences our thoughts and our decisions 0:52
    The eight basic human emotions we all experience 12:00
    2-WEEK POWER CHALLENGE: The negative emotions you need to control most 25:40
    The importance of journaling your emotions while trading 32:02
    George’s MCM and other strategies for managing emotions while trading 36:06
    How to interrupt your negative emotions at the neuro-physical level 44:32

    Some Questions We Discuss

    Why is fight-or-flight mode so dangerous to traders? 3:03
    Why is too much joy just as dangerous as too much fear? 16:35
    How can we fight off these negative, forced emotions? 28:25
    What are the 5 main components of our emotions? 33:30
    What strategies does Mark use to manage his emotions? 39:20
    What are session check-ins and why are they important? 48:32
    Why is it so hard for humans to be emotionally aware? 51:12

    Resources

    Connect with us online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    George’s favorite book from today’s episode: Power vs. Force by David R Hawkins

    • 52 min
    10. Psychology of Decision Making

    10. Psychology of Decision Making

    Are decisions made with the conscious or the subconscious mind? That’s the big question we’re answering on this episode of Mind Over Markets. We have strategies to help you break out of your subconscious decision making patterns, and the personal challenge in this episode is designed to challenge your unconscious decisions. 
    You make roughly 35,000 decisions per day. That breaks down to making a decision about every two seconds. And when you’re making that many decisions, how can you be conscious of every single one of them? The truth is – you can’t. And this truth is even more important when it comes to decision making as a trader. 
    Unconscious decision making comes from our subconscious desire to find the “right” answer. In trading, the right answer isn’t always so obvious. That’s why decision making is so hard for new traders. The decisions we have to make as traders aren’t always easy, but taking the pressure off of yourself to make a profit right away can make it a little less difficult. This way, you can focus on learning and trying different strategies until you develop a decision making process that works for you.
    “The most important job that you have is learning.”Click To Tweet
    You can’t rush into decision making when you’re a trader because you’ll fall into a pattern of habit-based decisions. Those are the impulsive decisions you make when your unconscious mind takes over. If you’ve ever had a day when you look back at your trades and think to yourself – “Who made these? This doesn’t look like me at all.” – then you know you’re starting to make a habit of unconscious decision making.
    We’ve all been there. In fact, nearly 25% of our trades are habit-based. But it’s time to break that habit. In this episode we’re discussing the differences between value-based and habit-based decisions, and sharing trade pro tips on how you can start training yourself to make more conscious decisions when trading. Learning how to make value-based decisions takes practice, but as you familiarize yourself with the good habits of successful traders and take your time to understand the ins and outs of the market, you’ll find yourself making the right decisions sooner rather than later. 
    In This Episode You Will Learn:

    The two types of decisions human beings make 3:30
    Why new traders have such a hard time making the right decisions 10:08
    NEW TRADER CHALLENGE: A new perspective on winning and losing trades 18:04
    Which types of decisions will create the biggest opportunities for you 30:15
    How your personal purchasing patterns will affect your trading strategy 40:43
    How to make the decision that’s right for you 48:58

    Some Questions We Discuss:

    How many decisions do we actually make every day? 1:48
    How do habit-based and value-based decisions work together? 6:45
    How many trades have we made that are value-based? 15:29
    What decisions do we have to make as traders? 24:24
    Is there a template for making the perfect decision? 46:00
    Why should you forget about decision making by the end of this episode? 51:04

    Resources

    Connect with us online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Catch up with one of our favorite traders: Anthony Drager

    • 52 min
    9. Path to Profit Book Review

    9. Path to Profit Book Review

    Get ready! We’re flipping the script completely today here on Mind Over Markets. Your host, George Papazov, just finished writing his first book and we’re asking him all about it. You’ll discover the inspiration behind his book and the motivations that led him to finally put pen to paper. You’ll even find out how he came up with the title – Path to Profit: A Trader’s Journey to Success.
    What George shares with us today is that writing a book is a very vulnerable project. But being able to share his story and his journey with fellow trade pros like us is worth every bit of the struggle. Back in our day, when we were first stepping into professional trading, it was really hard to access other successful traders and learn from their stories. Being able to learn through Geroge’s story and what he’s been through is an extremely empowering process and can make you a better trader. 
    “Perfection is really an illusion.”Click To Tweet
    That’s why George included personal questions and exercises at the end of each of his chapters, and we go into some of those exercises today. Path to Profit is more than just an autobiography. Reading this book is like a mindset meditation that can help you on your own journey to trade success. We all know that everyone’s journey is different, and rather than force one kind of strategy on you, George opens the floor to let you explore your options and learn from his experiences.
    “There is no such thing as failure, only feedback.“Click To Tweet
    You’ll also hear about some of the big challenges George faced while writing, including how hard it is to actually think of a title. Some of the surprises he faced during this process might surprise you as well, so listen carefully to the nuggets George is sharing today. Especially if you’re considering writing your own book. It’s always hard to open up and reveal your personal story, but George is proof that sharing it with others is the best way to learn, and you can learn a lot just by listening to this episode.
    Tune in now for the big secret that George reveals at the end of this podcast, and also in the end of his new book Path to Profit: A Trader’s Journey to Success!
    In This Episode You Will Learn:

    That your host George Papazov wrote his first book 1:06
    How to find the inspiration to write a book 6:33
    Your personal journey will never be a straight line 7:50
    The significance behind the title of the book “Path to Profit” 12:20
    What kinds of questions and exercises are at the end of every chapter 16:45
    All about George’s sense of hustle and how it’s impacted his trading 24:30
    The biggest highlight of Path to Profit: A Trader’s Journey to Success 31:36
    Where you can leave us a review on iTunes 39:18

    Some Questions We Discuss:

    What do you think makes a good story? 2:10
    What was George’s favorite chapter to write? 5:45
    When did George realize he wanted to write a book for other trade pros? 9:46
    What challenges did George face while writing his book? 13:28
    What surprised George the most while writing Path to Profit? 19:11
    What is George’s biggest motivation? 28:25
    Will George spill a secret this episode? 34:00
    How can you flip the script on failures and look at them as feedback? 36:13

    Resources

    Connect with us online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Read George’s New Book: A Path to Profit: A Trader’s Journey to Success
    Other books mentioned in today’s episode:

    Market Wizards: Interviews with Top Traders by Jack D. Schwager

    • 40 min

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